Reaffirming its efforts in sustainability, Suez Canal Bank has signed a cooperation protocol with CRIF Egypt to introduce the Synesgy platform. This innovative platform enables clients to evaluate their sustainability performance, aligning with the bank’s dedication to adopting Environmental, Social, and Governance (ESG) principles which supports Egypt’s 2030 Vision for sustainable development.
The protocol signing ceremony was attended byMr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, Mr. Shehab Zidan, Deputy CEO and Managing Director, along with heads ofCorporate Banking, Corporate Finance & Investment Banking, and Sustainability &Sustainable Financedepartments. From CRIF, Mr. Marco Preti,CEO CRIBIS D&B and General Manager CRIF Group, Mr. Manjeet Chhabra, Managing Director CRIF UAE & Egypt, Mr. Emad Kozman, Country Manager CRIF Egypt.
The partnership underscores Suez Canal Bank’s efforts to integrate ESG practices into its operations and empower clients—particularly small and medium enterprises (SMEs)—to assess and enhance their sustainability efforts. Developed by CRIF, a global leader in digital solutions and business information, Synesgy offers a comprehensive suite of tools to evaluate ESG performance and make responsible business decisions.
Synesgy facilitates the integration of sustainability standards into daily operations by offering key performance indicators and advanced tools for assessing ESG compliance. These features help businesses manage risks, meet regulatory expectations, and align with both local and international sustainability standards. Additionally, the platform enhances companies’ reputations, making them more attractive to investors and customers focused on sustainability.
Suez Canal Bankis ensuring the platform’s seamless adoption. To this end, the bank organized a workshop attended by senior executives, department heads, and relationship managers to provide the necessary training and support for clients.
This initiative reflects Suez Canal Bank’s vision to deliver advanced banking services that contribute to sustainable development goals. By empowering businesses to address environmental challenges, the bank is also fostering new opportunities for sustainable economic growth in Egypt.
Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, emphasized:
“This partnership reflects the bank’s dedication to integrating ESGinto its banking activities and providing clients with tools to make responsible decisions that enhance their business sustainability”.
Marco Preti, CEO CRIBIS D&B and General Manager CRIF Group, highlighted the importance of this collaboration: “We are pleased to partner with Suez Canal Bank to introduce the Synesgy platform in Egypt. This is a significant step in supporting businesses to strengthen their sustainability efforts through advanced technology and data, helping them evaluate and improve their ESG performance”.
About CRIF
CRIF is a globally recognized company, ranked among the largest internationally accredited credit rating agencies licensed by the European Securities and Markets Authority (ESMA). It specializes in financial, commercial, and technical creditworthiness reports, as well as sustainability assessments, providing impactful insights for business, investment, and credit decision-making.
Founded in 1988 in Bologna, Italy, CRIF operates in over 40 countries across four continents. Its services are utilized daily by over 10,500 banks and financial institutions, 82,000 businesses, and more than one million individual customers. CRIF has been featured in the prestigious IDF FinTech Top 100 Rankings since 2016.
About Suez Canal Bank
Suez Canal Bank established in 1978, as an Egyptian joint-stock company offering a diverse range of banking solutions and financial services tailored to meet the needs of both corporate and individual clients, through 53 branches,and a robust ATM network across Egypt.
Suez Canal Bank aims to provide innovative and diverse products and services that meet the changing needs of its clients, as well as flexible financing options with competitive interest rates and convenient repayment plans.
